Jonas Brothers’ father Paul’s company files for bankruptcy as children continue to flourish2 min read

Three of his sons have become some of the most successful entertainers on the planet.

But that success hasn’t translated to the Jonas Brothers’ father’s company, as it has filed for bankruptcy, reported TMZ.

Paul Kevin Jonas Sr., 53, owns a construction and real estate company in New Jersey.

Oh dear: The Jonas Brothers’ father’s company has filed for bankruptcy, reported TMZ

The outlet reported that according to legal docs they obtained, ‘Paul’s New Jersey construction and real estate company has over $1 million in debt, including a $268k judgement from a case his company lost.’

Adding, ‘In order to come up with the cash, Paul plans to sell off some of the company’s property.’

But there is also a possibility that his affluent children might help him out.

Family trouble: Paul Kevin Jonas Sr., 53, owns a construction and real estate company in New Jersey

Nick Jonas is worth $25 million according to Celebrity Net Worth, while Kevin has a staggering $20 million.

Middle brother Joe may not be quite as well off as the other two, but he still has $18 million.

Even the family’s youngest child, Frankie, 17, is worth a reported $3 million says Married Biography.

All three former band members are continuing to have successful careers.

Rescue? The outlet reported that according to legal docs they obtained, ‘Paul’s New Jersey construction and real estate company has over $1 million in debt, including a $268k judgement from a case his company lost’